You are in the market for a new place to live, so you start scouring the ads of homes for sale. One of the first decisions you’ll have to make is whether to buy a newly constructed home or a previously owned one. There are several advantages to new home construction.
When you buy a house from another homeowner, you are getting a space that has already been tailored to someone else’s needs. If you want the walls, cabinetry and flooring to reflect your own tastes, you will have to remodel them after you close on the house. With a new build, however, you get to choose the features you want from the start so that by the time you move in, your home is already customized to your needs.
You don’t get to choose the materials used to build an existing house. If you buy an older home, the materials used may not be up to current building codes and may even be hazardous. Furthermore, they are unlikely to contain energy-saving features such as updated windows or green roofing. New home construction allows you to choose the materials that meet the necessary safety standards and are energy efficient.
Even if the previously owned home that you buy is in great shape, regular wear and tear can cause the need for repairs sooner than you expect. When that happens, you will probably have to pay the costs of those repairs out of pocket, which can be a financial strain after you have just closed on the home. New construction, however, is more likely to still be under warranty when the first round of repairs needs to happen. Just by buying new instead of resale, you can save yourself money on maintenance.
New home construction has many advantages over purchasing a previously owned home. You can get exactly what you want and save money on upgrades and repairs.